Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Thursday, January 14, 2021
CAD/JPY
CAD/JPY 15-Dec-22:00 -> 14-Jan-22:00
Target Level: 81.9410
SL:
(A)
81.5025
Last TP of Channel Up
Target Period: 3 days
Interval
4 hour
Pattern
Channel Up
Length
73 Candles
Identified
13-Jan-22:00
Channel Up identified at 13-Jan-22:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 81.9410 within the next 3 days. Supported by Upward sloping Moving Average
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